ODP Corp
theodpcorp.comHow Do They Make Money?
Sources
-
10-K for FY2024, filed Feb 26, 2025
FY2024 revenue by product or service ↗
Revenue, FY2024
$7B
Sources
-
10-K for FY2024, filed Feb 26, 2025
$7B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Products, Supplies
|
49%
FY2021: 45%
|
Products, Supplies, FY2024
$3.5B Sources
|
|
Products, Technology
|
28%
FY2021: 33%
|
Products, Technology, FY2024
$1.9B Sources
|
|
Products, Furniture and Other
|
14%
FY2021: 15%
|
Products, Furniture and Other, FY2024
$991M Sources
|
|
Services, Copy and Print
|
8.9%
FY2021: 7.0%
|
Services, Copy and Print, FY2024
$620M Sources
|
Do Revenues Turn Into Profits?
Not on paper. It lost $3M in FY2024, but brought in more cash than it spent: $32M of free cash flow.
Operating income, FY2024
Sources
10-K for FY2024, filed Feb 26, 2025
$163MView ↗
▼ −51%
vs FY2023 ($330M, 4%)
Net income, FY2024
Sources
10-K for FY2024, filed Feb 26, 2025
−$3MView ↗
▼ Now a loss
vs FY2023 ($139M, 2%)
Free cash flow, FY2024
Sources
10-K for FY2024, filed Feb 26, 2025
$32MView ↗
▼ −87%
vs FY2023 ($250M, 3%)
How Are They Changing?
Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 27, 2025
Products, Supplies share of revenue
vs 49.3% in Q3 FY2024
Sources
10-Q for Q3 FY2025, filed Nov 5, 2025
Open tableView ↗
Shrinking. Revenue fell 21% in 4 years, from $8.9B in FY2020 to $7B in FY2024, about 6% a year.
Revenue over time
Products, Supplies
Products, Technology
Products, Furniture and Other
Services, Copy and Print
$10B$5B$0
$4B
$3B
$3.8B
$2.8B
$4.1B
$2.5B
$3.9B
$2.2B
$3.5B
$1.9B
100%50%0%
45%
34%
14%
45%
33%
15%
49%
29%
15%
50%
28%
14%
49%
28%
14%
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